Federal Mortgage Bank of Nigeria is financing the development of 272 housing units in Abuja to the tune of ₦1.83bn under the National Housing Fund scheme, which is designed to provide affordable shelter for Nigerian masses.
With successful completion of the first phase of land reclamation exercise at the ambitious Eko Atlantic City project, the project promoters have continued to woe investors, the latest visitors are a team of British-based financial and professional service experts led by the Mayor of the City of London, Alderman Michael Bear.
Efforts by a leading estate developing firm, UACN Property Development Company Plc (UPDC) to further reduce the nation’s housing deficit debacle last week received a boost as the Lagos State Government pledged to give all needed support to estate developers, who set to make right investment.
With its target to create an efficient, sustainable facility to meet global health and safety standards, construction formally took off recently on the multi-billion naira Standard Chartered Bank Nigeria (SCBN) headquarters complex in Lagos, already being touted by its promoters as one of Nigeria’s green and energy efficient buildings that optimizes space and up-to- date technology.
The Saudis awarded a more than $1 billion contract for a spire that will soar two-thirds of a mile high, to be named the Kingdom Tower. It will have a Four Seasons hotel, serviced apartments, luxury condominiums and offices, encompassing, in all, about 5.4 million square feet.
United Kingdom-based multi-faceted property and infrastructure projects consultancy firm, Capita Symonds, has begun the construction of nine modular designed vocational colleges around the six geopolitical zones in the country.
To increase its investment portfolio as well as giving more empowerment to the nation’s citizenry, an insurance firm, Mutual Benefits Assurance Plc, has commenced construction work on a residential estate development valued at ₦3 billion.